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Late Start on Retirement Savings? How to Try and Catch Up in Your 50s

WiserAdvisor

Additionally, you can consider consulting with a financial advisor or credit counselor to explore debt management strategies tailored to your unique situation. One effective strategy for safeguarding your retirement savings is to create a Health Savings Account (HSA). Contributions to an HSA are tax-deductible.

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How to Minimize Your Tax Liability When Rolling Over to a Roth IRA

WiserAdvisor

Tax considerations play a crucial role in retirement planning, as they can significantly impact your income and savings. Retirees must carefully strategize to minimize taxes during their non-working years. One practical approach is to convert traditional retirement accounts, like a 401(k) or a traditional IRA, into a Roth IRA.

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